943(1)  The basic amount of estate income relating to a company's absolute interest in the whole or part of the residue of an estate for an accounting period before the final accounting period is the lower of–

(a)the total of all sums paid in the accounting period in respect of that interest, and

(b)the amount of the company's assumed income entitlement for the accounting period in respect of it.

943(2)  The basic amount for the final accounting period is equal to the amount of the company's assumed income entitlement for that accounting period in respect of that interest.

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